Citigroup Inc. (NYSE: C) is 4.06 points, losing almost 1% (-0.98%). At the same time, analysts believe that Citigroup Inc. shares may gain thanks to the new BP plc (NYSE: BP) large orders.
BP plc (NYSE: BP) shares totaled 41.33 points, rising to +0.65 points, or 1.60%. The British company British Petroleum agreed to sell its assets in Colombia, which will allow it to receive 1.9 billion dollars needed to pay off the victims as a result of oil spills in the Gulf of Mexico.
The company British Petroleum (BP) reported that the cost of responding to oil spills in the Gulf of Mexico reached $ 3.12 billion This amount includes the cost of spills, the cost of construction of additional “handling” of wells, sealing wells, grants coastal countries and payment of claims.
Dow Jones Industrial Average won the fight but lost a week-long battle. Trading in the U.S. on Friday, June 25 ended primarily due to growth of stock indices shares of financial companies. Investors are pleased with the fact that concerted Senate and House of Representatives of the Draft Law on the regulation of the financial sector was not as tough as expected. But the following week, the indices fell.
Dow Jones Industrial Average remains in Flat mode. The overall growth of Dow Jones index up +15.87 points (0.15%), which brought the Dow Jones industrialization to a maximum of 10,450.04 points. On Friday, June 18, the American stock market in the first half of the trading session shows weak positive trend. In the absence of significant macroeconomic statistics, the bidders have not found reason to rally widespread, but in a relatively favorable external background, there was no motive for the massive profit taking before the curtain of the week.
According to recent Citigroup, BHP Billiton, the largest oil and gas company Australia would spend $ 20 billion to buy assets in the Gulf of Mexico, including a draft of BP, which may be offered for sale in connection with the largest in U.S. history, oil spills.
British Petroleum assesses the damage of the oil spills in the Gulf of Mexico to 1.6 billion dollars nearly, the company said. The total amount could reach $ 3 billion. This amount includes the cost of spill, in the elimination of the accident at the well, and the payment of Florida, Alabama, Mississippi and Louisiana.
Dow Jones Industrial Average started the new week with a confident and stable growth. Consumers do not see obstacles for increasing the volume of trading on the Dow Jones Industrial today. First half of trading session on the U.S. stock market goes in the green zone. Dow Jones rose to mark 10,294.28, the growth index was 83.21 (0.81%). We should remember, that Dow Jones index has fallen from the April high of 11,258 down to the 9850 area three times in the last 20 days. The level of 10,250 points has established itself as the temporary ceiling or resistance level. So, good news came from BP:
Spots and clots of oil are on the U.S. beaches. Florida is in oil… Nevertheless, the beaches of Florida, which the Americans believe the most snow-white in the world, still open to tourists. Meanwhile, oil company British Petroleum has already spent on the elimination of oil spills in the Gulf of Mexico $ 1 billion in costs Covokupnye British Petroleum to eliminate the consequences and damages from the accident could be $ 37 billion.
Dow Jones Industrial Average returns lost yesterday position. The overall level of growth Dow index is impressive, most analysts. Brokers do not be afraid to increase the volume of trading on the background of economic statistics than the U.S.. At the time Dow Jones is strengthened at around 10,146.15 points. Growth rate exceeds 122 points. Good statistics come today from many branches of the U.S. economy.